Amber Cove, Carnival’s new port in the D.R., nears opening date

Amber Cove is scheduled to welcome its first ship on Oct. 6.

PUERTO PLATA, Dominican Republic — The new Amber Cove port on the north coast of the Dominican Republic is rapidly coming together a little more than a month before the first ship is scheduled to arrive on Oct. 6.

The port, being developed by Carnival Corp. and a local partner, already has a 1,280-foot pier, a bus and taxi staging area, cabanas and the finished shells of bars, restaurants and shops.

Landscaping is being planted and the interiors of the structures are ready for build-out.

About 350,000 guests from eight Carnival Corp. brands are expected to use the facility in 2016. About half will come from Carnival Cruise Line, which will use Amber Cove year-round.

The 25-acre project cost $85 million to develop. About half of the space is devoted to a transportation hub. Six acres along the shore have been reclaimed from the bay. There is a large pool area, but no beach on the port property. Carnival will offer multiple beach excursions.

A total of 44 tours have been developed with a wide range of styles. Amilcar Cascais, vice president for tour operations at Carnival, said he expects tour participation of upwards of 60% initially because guests will be curious about the new destination. Participation is typically in the 30% to 50% range.

The pier, with a channel dredged to 36 feet, is capable of handling two of the largest ships in the Carnival fleet at once, although initially only one ship at a time will dock there.

Amber Cove is named for the amber mines in the interior near the port. There will be an amber wall art installation that will feature a caiman embedded in it.

The northern coast of the Dominican Republic last received regular cruise calls 30 years ago, and the 300,000 residents of the area are excited to see the project nearing completion, said Julio Almonte, vice minister of tourism for the Dominican Republic. He said the country’s president visited the site two months ago to show support.

“The future of Puerto Plata is this project,” Almonte said.

Carnival Corp. to build second cruise terminal in Barcelona


Norwegian Jade in Barcelona.

Carnival Corp. has received approval to build and operate a second private cruise terminal in Barcelona, Europe’s busiest cruise port.

The cruise company said it will spend more than 30 million euros (about $33 million) on the project. Carnival said construction is slated to start in 2016 and that the facility could open as early as 2018.

The terminal, to be built at the port’s Adossat wharf, will be one of Europe’s largest at nearly 125,000 square feet, Carnival said.

There has been a “consistent surge in growth” in Barcelona over the past several years, said Giora Israel, Carnival Corp.’s senior vice president of global port and destination development. Barcelona is a destination and homeport for seven of Carnival Corp.’s 10 cruise brands.

Besides the terminal, Carnival Corp. will build and operate a new parking facility on the cruise pier.

The Port of Barcelona said it had 764 cruise calls in 2014.

Carnival Corp. records $222 million in net income in Q2

Carnival Corp. reported $222 million in net income in the second quarter, up more than 126% from second quarter 2014. Revenue for the quarter, the company said, was $3.6 billion, compared with $3.63 billion in 2014.

Carnival said its net income in the quarter included unrealized gains on fuel derivatives of $34 million and $7 million on restructuring expenses.

Net revenue yields rose 4.1% in the quarter on a constant-dollar basis, beating the company’s estimate of increases in the 2% to 3% range; gross revenue yield decreased 3.5% due to changes in currency exchange rates, it said.

Fuel prices declined 37%, to $411 per metric ton; the company spent $333 million on fuel in the quarter, compared with $527 million in Q2 2014. Net cruise costs, excluding fuel, increased 6.1%, which the company primarily attributed to an increase in drydock days.

Carnival Corp. CEO Arnold Donald said in the earnings statement that all company’s North American brands “enjoyed strong revenue yield improvement”; he singled out the Carnival Cruise Line brand and said it “performed particularly well again this quarter.”

The company said that fleetwide booking volume for the next three quarters was running “well ahead” of last year, at slightly lower prices due to transactional currency impacts. Donald said that the strong booking volume “clearly demonstrates strong consumer demand for our brands,” and he added that Carnival Corp. would step up marketing investment for the remainder of the year.

Carnival said its third-quarter net revenue yields were expected to be up 2% to 3% in constant dollars compared with Q3 2014.

This report was updated to clarify a statement from Arnold Donald regarding yield improvement in the company’s cruise brands.